Through this partnership, Bank of India intends to offer vehicle financing options to prospective Multix’s consumers across India.

On entering into an agreement with Eicher Polaris, BOI becomes a preferred financier for Multix. With this, auto retail finance for Multix will now be available across more than 4900 branches of BOI and at all proposed dealerships of Multix.

Pankaj Dubey, Chief Executive Officer, Eicher Polaris, said, “We have designed Multix and its entire ecosystem to cater to the unique needs of independent businessmen who find other 4 wheel options sub-optimal. What make Multix special is its extremely adaptable 3 in 1 design and all road capabilities."

"Our strategic-tie up with Bank of India ensures customized retail finance programs, keeping in mind the needs of our target consumers. This is a step towards making the Multix solution even more attractive and accessible to the independent businessmen”.

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In 2018, automobile demand remained robust despite the slowdown overcast in the last three months of year. All segments reported strong double-digit growth in the calendar year ending December 31 except passenger vehicles which reported a growth of 5 per cent. Three-wheelers sales grew fastest followed by commercial vehicles, two-wheelers, and passenger vehicles. The overall automobile sales crossed 26.7 million units for the first time.

In 2018, automobile demand remained robust despite the slowdown overcast in the last three months of year. All segments reported strong double-digit growth in the calendar year ending December 31 except passenger vehicles which reported a growth of 5 per cent. Three-wheelers sales grew fastest followed by commercial vehicles, two-wheelers, and passenger vehicles. The overall automobile sales crossed 26.7 million units for the first time.